Inflation in Finland
Harmonized consumer price inflation averaged 1.2% in the ten years to 2024. The 2024 average figure was 1%. For more inflation information, visit our dedicated page.
Finland Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Finland from 2024 to 2023.
Source: Macrobond.
Finland Inflation Data
2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Inflation (HICP, ann. var. %, aop) | 0.4 | 2.1 | 7.2 | 4.3 | 1.0 |
Inflation (CPI, ann. var. %, eop) | 0.2 | 3.5 | 9.1 | 3.6 | 0.7 |
Inflation (CPI, ann. var. %, aop) | 0.3 | 2.2 | 7.1 | 6.3 | 1.6 |
Inflation (HICP, ann. var. %, eop) | 0.2 | 3.2 | 8.8 | 1.3 | 1.6 |
Inflation (PPI, ann. var. %, aop) | -4.6 | 12.7 | 24.2 | -3.9 | -2.3 |
Harmonized inflation edges up to target in May
Latest reading: Harmonized inflation inched up to 2.0% in May from April’s 1.9%. May's figure was the highest inflation rate since October 2023 and overshot the Euro area average slightly but was in line with the ECB’s 2.0% target. Looking at the details of the release, the uptick was broad-based: Prices for food, housing, hospitality and recreation all rose at a faster pace. Still, a sharper fall in transport costs capped the acceleration. As a result, annual average harmonized inflation rose to 1.4% in May (April: 1.3%). Meanwhile, consumer price inflation was stable at April's 0.5% in May. Finally, harmonized consumer prices rose 0.08% in May over the previous month, slowing down from the 0.15% increase logged in April. May's result marked the softest rise in prices since December 2024.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Finnish inflation projections for the next ten years from a panel of 16 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Finnish inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Finnish inflation projections.
Want to get access to the full dataset of Finnish inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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